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January 23 - According to the Shenzhen Branch of the Peoples Bank of China, since the implementation of the "Cross-border Wealth Management Connect" 2.0 version, Shenzhen banks have added approximately 32,000 individual investors, with a total cross-border payment amount of 52.6 billion yuan, accounting for nearly half of the total amount in the Guangdong-Hong Kong-Macao Greater Bay Area. The business scale has increased more than eightfold compared to the 1.0 version, continuously meeting the cross-border wealth management needs of residents in the Greater Bay Area.Russian Presidential Special Representative Dmitriev: The meeting between Russian President Putin and US Middle East Special Envoy Witkov was "of great significance".A chart summarizing the overnight price movements of international spot platinum and palladium.On January 23, Goldman Sachs stated that, given rising memory prices, a flattening replacement cycle following the end of Windows 10 support, and the earlier-than-expected release of demand in the fourth quarter of 2025, they have lowered their global PC shipment forecasts for 2026-2028. They now expect global PC shipments to change by -5%/+3% year-on-year in 2026/2027 (previously forecasting a 3% year-on-year increase in both sectors).January 23 - On January 22, the fourth phase of the Guangdong Chip Semiconductor project was officially launched. The project has a total investment of RMB 25.2 billion and plans to build a 12-inch mixed-signal specialty process production line with a monthly capacity of 40,000 wafers. It is expected to be completed and put into operation by the end of 2029.

WTI stays in positive zone despite a dip in Asia

Jan 10, 2023 14:43

截屏2022-12-29 下午4.54.13_1024x576.png 

 

West Texas Intermediate, or WTI, is down during the Asian session, losing about 0.4% at the time of writing amid optimism that China's demand will increase after the government set new import limitations. However, overnight and at the start of the week, the news provided economic support for its faltering economy, while the US Dollar sank, allowing investors to enter the black gold rise at a lower cost.

 

China has reopened its borders to international visitors for the first time since March 2020, when it implemented travel restrictions. Elsewhere, China has continued to demolish a large portion of its draconian zero-COVID movement regulations. According to the BBC, incoming travelers will no longer be required to be quarantined, marking a dramatic change in the country's Covid policy as it fights an outbreak. They will continue to require documentation of a negative PCR test conducted within 48 hours after flight.

 

As a result, oil prices increased early on Monday in anticipation of an uptick in demand from China, as the nation set new import curbs and offered economic support to its faltering economy. Last observed, spot West Texas Intermediate crude was priced at $ 74.57 per barrel.

 

ANZ Bank analysts explained: "China announced a new batch of import limits, an indication that the world's largest importer is gearing up to meet increased demand."

 

"The relaxation of COVID-19 regulations has already increased travel. According to the Ministry of Transport, approximately 34.7 million domestic journeys were made on the first day of the Spring Festival travel rush. This is around 40% higher than comparable days in 2022. Approximately 2.1 billion trips are anticipated during the next 40 days. This comes amid tightened supply,'' the analysts added.

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